Skip to main content

Market Overview

Magnite Seeks To Raise $350M Via Private Debt Offering


Independent sell-side advertising platform Magnite Inc (NASDAQ: MGNIannounced its intention to offer $350 million convertible senior notes due 2026 in a private institutional offering.

  • Initial purchasers of the notes will have a 13-day option to purchase up to additional $50 million notes.
  • The capped call transactions are generally expected to reduce potential dilution to Magnite's common stock upon any conversion of notes.
  • The offering proceeds would be partly used for capped transactions, along with its previously announced acquisition of SpotX, general corporate purposes, other potential acquisitions, and strategic transactions.
  • MGNI's stock climbed 734% in the last six months.
  • Price action: MGNI shares are trading lower by 4.8% at $46.85 in the premarket session on the last check Monday.

Related Articles (MGNI)

View Comments and Join the Discussion!

Posted-In: News Offerings Tech Media

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at